Robert W. Baird Cuts GMS (NYSE:GMS) Price Target to $93.00

GMS (NYSE:GMS) had its target price decreased by Robert W. Baird from $110.00 to $93.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 27.62% from the stock’s current price.

GMS has been the subject of a number of other research reports. Truist Financial raised their target price on shares of GMS from $90.00 to $97.00 and gave the stock a “hold” rating in a research note on Monday, December 9th. DA Davidson decreased their price target on shares of GMS from $97.00 to $94.00 and set a “neutral” rating on the stock in a research note on Friday, December 6th. Barclays lowered their price target on shares of GMS from $93.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a $86.00 price objective (up previously from $78.00) on shares of GMS in a report on Friday, December 6th. Finally, Loop Capital raised their target price on shares of GMS from $85.00 to $93.00 and gave the stock a “hold” rating in a report on Monday, November 25th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $91.14.

GMS Trading Down 7.5 %

NYSE GMS opened at $72.87 on Friday. The stock has a 50-day simple moving average of $82.53 and a 200 day simple moving average of $89.02. The company has a current ratio of 2.23, a quick ratio of 1.44 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $2.83 billion, a PE ratio of 13.40 and a beta of 1.73. GMS has a 12 month low of $65.88 and a 12 month high of $105.54.

GMS (NYSE:GMS) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.47). GMS had a net margin of 3.92% and a return on equity of 20.67%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.29 billion. Research analysts forecast that GMS will post 7.26 EPS for the current year.

Institutional Trading of GMS

Several institutional investors have recently added to or reduced their stakes in GMS. FMR LLC raised its stake in GMS by 38.7% during the fourth quarter. FMR LLC now owns 5,868,782 shares of the company’s stock worth $497,849,000 after buying an additional 1,636,612 shares during the last quarter. Coliseum Capital Management LLC raised its holdings in shares of GMS by 135.0% during the fourth quarter. Coliseum Capital Management LLC now owns 1,889,489 shares of the company’s stock valued at $160,285,000 after purchasing an additional 1,085,551 shares during the period. Pacer Advisors Inc. acquired a new stake in GMS in the fourth quarter valued at approximately $109,277,000. Charles Schwab Investment Management Inc. grew its position in GMS by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,715 shares of the company’s stock valued at $51,722,000 after purchasing an additional 15,664 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of GMS by 3.4% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 596,444 shares of the company’s stock valued at $50,596,000 after buying an additional 19,833 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors.

GMS Company Profile

GMS Inc distributes wallboard, ceilings, steel framing and complementary construction products in the United States and Canada. The company offers ceilings products, including suspended mineral fibers, soft fibers, and metal ceiling systems primarily used in offices, hotels, hospitals, retail facilities, schools, and various other commercial and institutional buildings.